relief for magnetite on royalties, page-9

mojojojo

open your eyes,
here are the real facts, they are an eye opener.

CASH COSTS ADJUSTED FOR PREMIUMS/PENALTIES

BGP cash costs = $40/t + $5/t royalty
total cash costs = $45/t (benchmark)

FMG cash costs = $50/t + $5/t royalty + $5/t quality penalty
total cash costs = $60/t

GBG cash costs = $68/t +(no royalty)- $20/t quality premium
total cash costs = $48/t

AS YOU CAN SEE THE CASH COST DIFFERENCE BETWEEN BHP AND GBG IS INSIGNIFICANT.